Home » Market News » DirectorsTalk Highlights » Gresham House completes largest battery project with £32.5m investment
Gresham House plc

Gresham House completes largest battery project with £32.5m investment

Gresham House Energy Storage Fund has completed its investment in the 50MW/75MWh Thurcroft battery storage site.

It has been acquired from Gresham House DevCo and Noriker Power, with Gresham House having acquired a 5% stake in the latter in 2019.

The Thurcroft asset was acquired from the two developers for a total enterprise value of £32.5 million, plus up to £0.75 million of deferred contingent consideration. It becomes Gresham House’s 11th operational utility-scale battery storage project, bringing the total portfolio to 265MW.

Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, forestry, new energy and housing.